Russia’s National Settlement Depository (NSD) and the Kazan branch of Eurasian Registrar have adopted an electronic data interchange (EDI) system for their information interactions. The Kazan branch will place records of transactions made in customer accounts of NSD acting as a nominal holder and offer information on NSD’s customer accounts opened in registers, on the basis of electronic data. The use of EDI technology will enable accelerated document interchange and processing in the course of operations carried out in the registers of inscribed securities holders. It will also reduce risks of error and fraud.

Click here for the release from NSD.